-The Times of India NEW DELHI: With the parliamentary committee examining the land bill failing to reach a consensus, the government is likely to allow the current ordinance to lapse and look to tweak the earlier 2013 law to spur industrialization and infrastructure development. Fierce arguments between Congress and BJP members over the retrospective 24(2) clause and clause 101 dealing with return of unutilized land ensured the joint committee of Parliament did...
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Monsoon deficient by 9% so far, uneven spread a worry -Zia Haq
-Hindustan Times India’s June-September monsoon has been deficient so far and quite uneven in its spread, with the rain-bearing system entering a phase that will largely determine whether the country can escape a drought for the first time in six years. Overall, rains have been 9% lower than normal, with sharper deficits in some areas. Rainfall during August-September, the remaining two months of the rainy season, would be poor at 84%, the...
More »Forget Inflation Targeting -Prem Shankar Jha
-The Indian Express It has only managed to kill manufacturing and employment growth In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...
More »A policy failure in pulses -Ashutosh Kumar Tripathi
-The Financial Express The criteria for fixing MSP of pulses should be sensitive to prevailing market prices The agricultural price policy, which aimed at providing a remunerative and stable price environment to farmers through MSPs and obligatory procurement by government agencies, has helped India overcome massive food shortages to emerge as a net exporter of food. Though the Terms of Reference (ToR) of the Agricultural Prices Commission requires that policy-induced incentive should...
More »Land Bill: Govt capitulates on social impact, consent clauses
-Business Standard Ruling party MPs suggest changes to six of the nine amendments proposed by govt to the 2013 Act The government is set to relent on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015. On Monday, the Bharatiya Janata Party (BJP) members of a parliamentary joint committee on the Bill suggested amendments that effectively bring back the social impact assessment and consent clauses,...
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